Piramal group gets RBI nod for DHFL acquisition

The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021 Piramal Group on February 18 said the Reserve Bank of India (RBI) is understood to have cleared the resolution plan for debt-ridden DHFL as approved by the Committee of Creditors (CoC). The CoC had approved a resolution plan submitted by a Piramal Group […]

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Data buoys: inflation cools to 4.06%, IIP rises 1%

Sharp softening in food prices helps moderate January CPI, while electricity, manufacturing lift December industrial output India’s retail inflation slowed to a 16-month low of 4.06% in January, helped by a sharp deceleration in food prices, while industrial output rebounded to post 1% growth in December aided by increases in electricity and manufacturing. Inflation based on the Consumer Price Index […]

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HDFC logs ₹2,926 crore third-quarter net profit

CEO sees strong housing loan demand Housing Development Finance Corporation Ltd. (HDFC) on Tuesday reported third-quarter net profit of ₹2,926 crore. The mortgage lender had posted a profit of ₹8,372 crore in the year-earlier period, which included a fair value gain of ₹9,020 crore following the merger of GRUH Finance with Bandhan Bank. “The profit numbers for the quarter are […]

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ICICI Bank Q3 PAT up 19%

ICICI Bank reported a 19% rise in net profit grew to ₹4,940 crore in the third quarter ended December 31,from a year earlier, despite higher provisioning towards bad loans. Its core operating profit grew 15% to ₹8,054 crore. Net interest income (NII) increased 16% to ₹9,912 crore. Total deposits climbed 22% to ₹874,348 crore, domestic loans grew 13% and retail […]

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Take cover from the Silent Killer

Buying diabetes-specific insurance plans is now easier A swift change in the lifestyle habits of Indians is taking a severe toll on their health. As per a report by the Organisation for Economic Co-operation and Development, India’s total healthcare spending in the financial year 2019-20 was at 3.6% of GDP. This is mostly because the country carries along a significant […]

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Telcos seek clarity on onus of security breach post NSD roll-out

They urge Centre to ensure price competitiveness if Chinese gear is barred. Telecom firms have asked the government to clarify about the entity that will be held liable in the event of a security breach in the network post implementation of the National Security Directive (NSD) in the telecom sector, according to sources aware of the development. Telecom operators have […]

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Where there is a WIlL

It will allow your kin to access the wealth you bequeath to them, without any hassles “What is the right age according to you to make a will?” asked a member of an audience during an investor awareness programme. My standard answer is, “[The] day you opened your first bank account.” While this might be a little exaggerated because if […]

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HCL Tech Q3 profit rises 31% on digital, cloud momentum

Firm declares ₹4 interim dividend; raises growth guidance HCL Technologies said it posted a 31% increase in net profit for the third quarter ended December to ₹3,982 crore driven by a ‘robust momentum’ in the company’s businesses led by digital, cloud and products and platform segments. The company also announced that it crossed $10 billion in revenue in 2020. For […]

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